📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      As provided under the IFSCA Act all sums realised by way

      of penalties or fines under this Act shall be credited to the____________________
      A IFSCA Fund in any currency Correct Answer Incorrect Answer
      B Consolidated Fund of India in Indian rupees Correct Answer Incorrect Answer
      C Contingency Fund of India in Indian rupees Correct Answer Incorrect Answer
      D Consolidated Fund of India in foreign currency Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Section 13 Powers of Authority in relation to financial products, financial services and financial institutions: (6) All sums realised by way of penalties or fines under this Act shall be credited to the Consolidated Fund of India in Indian rupees.

      Practice Next
      ask-question